Royal Bank Of Canada Issues Positive Forecast for Nextpower (NASDAQ:NXT) Stock Price

Nextpower (NASDAQ:NXT) had its target price raised by Royal Bank Of Canada from $93.00 to $96.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. Weiss Ratings upgraded Nextpower from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 7th. TD Cowen lifted their target price on shares of Nextpower from $65.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Barclays increased their price target on shares of Nextpower from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Northland Capmk cut Nextpower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Northland Securities reissued a “market perform” rating on shares of Nextpower in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Nextpower has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Price Performance

NASDAQ:NXT traded up $5.66 during mid-day trading on Thursday, hitting $93.75. 3,623,852 shares of the company’s stock were exchanged, compared to its average volume of 2,804,961. The company has a market cap of $13.91 billion, a PE ratio of 22.02, a P/E/G ratio of 2.20 and a beta of 2.31. Nextpower has a one year low of $33.29 and a one year high of $112.74. The business has a fifty day moving average price of $84.76 and a 200 day moving average price of $67.77.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.The firm had revenue of $905.27 million for the quarter, compared to analysts’ expectations of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, equities analysts forecast that Nextpower will post 3.29 EPS for the current fiscal year.

Insider Transactions at Nextpower

In related news, President Howard Wenger sold 5,703 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $70.00, for a total transaction of $399,210.00. Following the completion of the transaction, the president directly owned 414,256 shares in the company, valued at approximately $28,997,920. The trade was a 1.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Charles D. Boynton sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $67.21, for a total transaction of $302,445.00. Following the sale, the chief financial officer owned 295,059 shares in the company, valued at approximately $19,830,915.39. The trade was a 1.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,420 shares of company stock worth $1,092,930. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Nextpower

Institutional investors have recently bought and sold shares of the business. Foster Dykema Cabot & Partners LLC bought a new position in shares of Nextpower in the third quarter worth about $36,000. BOKF NA boosted its stake in Nextpower by 1,135.7% in the 3rd quarter. BOKF NA now owns 519 shares of the company’s stock worth $38,000 after purchasing an additional 477 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Nextpower by 122.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after buying an additional 324 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Nextpower by 703.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after buying an additional 577 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Nextpower by 1,737.8% in the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock worth $45,000 after buying an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

About Nextpower

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.